Compare purchasing power and cost of living
Compare your salary purchasing power across different countries.
Maintain current standard of living (1.0x)
Fill in the form to see the purchasing power comparison.
Many professionals considering moving from Canada to Latvia often overlook the Purchasing Power Parity (PPP) difference. While a salary in Latvia might look lower on paper, the cost of living could make it worth more.
Understanding the real value of your income is crucial when negotiating a remote salary or planning a relocation. This calculator helps you determine the equivalent salary you would need in Latvia to maintain your current standard of living in Canada.
Based on PPP data, the price level in Latvia is approximately 0.42x that of Canada. This means your money goes further in Latvia.
You are comparing CAD vs EUR. Exchange rates fluctuate daily, but PPP provides a more stable long-term view of economic value and living standards.